What Happened?

Since its launch in 2006 as the first marketplace lender in the US, Prosper Marketplace has evolved into a personal finance company that offers products and services beyond personal loans to help people get on top of their finances. Through Prosper’s flagship loan product, borrowers get low, fixed-rate loans with no hidden fees or prepayment penalties and investors can earn great returns through the platform’s data-driven underwriting for personal loans. The Prosper Daily app helps people stay on top of their money, credit and identity. Prosper Marketplace is headquartered in San Francisco with offices across the country and in Tel Aviv. The Prosper lending platform is owned by Prosper Funding LLC and the Prosper Daily app is owned by BillGuard, Inc., both of which are subsidiaries of Prosper Marketplace.